Zcash (ZEC) saw a fresh round of large withdrawals from centralized exchanges as its price moved higher, according to on-chain tracker Lookonchain. The monitoring account said several newly created wallets have been steadily pulling ZEC from CEXs in recent days.
Among the highlighted addresses, t1UcyM withdrew 15,860 ZEC from Binance on Sept. 18, valued at about $22.69 million. Another wallet, t1fXjw, withdrew 7,081 ZEC from CEXs over the past two days, worth roughly $10.29 million. Lookonchain also flagged t1YLeD, which withdrew 5,818 ZEC on the day for about $8.45 million, and t1gxP4, which pulled 3,534 ZEC from Binance, worth around $4.72 million.
Based on the values provided, the four wallets accounted for about $46.15 million in ZEC withdrawals in total. The activity came during a period of continued gains in ZEC.
Zcash (ZEC) continued to draw large exchange outflows as the token price rose, according to monitoring by Lookonchain on Sept. 18.
Lookonchain said several newly created wallets have recently been withdrawing ZEC from centralized exchanges. One address, t1UcyM, withdrew 15,860 ZEC from Binance on the day, worth about $22.69 million. Another address, t1fXjw, withdrew 7,081 ZEC from CEXs over the past two days, valued at about $10.29 million.
Two other wallets were also listed. Address t1YLeD withdrew 5,818 ZEC on Sept. 18, worth about $8.45 million, while t1gxP4 withdrew 3,534 ZEC from Binance on the day, worth around $4.72 million.
Using the disclosed figures, the combined value of withdrawals by the four addresses was about $46.15 million.
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